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| Global crude steel production |
Global crude steel production shows mixed regional signals this June as key markets balance mounting demand and localized slowdowns. Worldsteel data indicates that world crude steel production reached 155.7 million metric tons this June, marking a year-on-year increase of 1.7 percent. However, global steel output fell by 1.4 percent compared with the prior month as major producers adjusted factory schedules.
China remains the world's largest steel-producing nation despite recording a modest monthly decline in output. Chinese furnaces produced about 500,000 metric tons more steel this June compared with one year earlier, but cut back production by 700,000 metric tons from May levels. Meanwhile, the United States and Turkey maintained steady year-on-year growth driven by robust electric arc furnace activity and strong domestic requirements.
ScrapInsight Commentary
Global steel output demonstrates resilience despite monthly contractions in leading hubs like China. Continued strength in electric arc furnace operations across Turkey and the U.S. supports steady ferrous scrap consumption, keeping raw material markets tightly balanced.
